6,297 Shares in Airbnb, Inc. $ABNB Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC acquired 6,297 shares of Airbnb, valued at approximately $833,000, as reported in their recent 13F filing with the SEC.
• Airbnb's stock opened at $119.85 with a market capitalization of $74.48 billion, having experienced a 0.4% decline in shares on Wednesday.
• Recent analyst ratings for Airbnb show a range of opinions: three "Strong Buy," eleven "Buy," and five "Sell," with an average target price of $141.81.

Simplicity Wealth LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,297 shares of the company's stock, valued at approximately $833,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kentucky Trust Co acquired a new stake in shares of Airbnb in the 2nd quarter worth approximately $25,000. Stonebridge Financial Group LLC grew its holdings in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after acquiring an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC grew its holdings in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after buying an additional 174 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock valued at $34,000 after buying an additional 200 shares during the last quarter. Finally, SouthState Corp grew its holdings in Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Down 0.4%

Shares of Airbnb stock opened at $119.85 on Wednesday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market cap of $74.48 billion, a PE ratio of 29.02, a P/E/G ratio of 2.20 and a beta of 1.10. The business's fifty day moving average is $125.08 and its two-hundred day moving average is $127.47.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In related news, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the transaction, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at approximately $6,051,898. This trade represents a 10.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,431,476 shares of company stock worth $182,776,618. Corporate insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ABNB shares. Phillip Securities upgraded Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. Barclays set a $105.00 target price on Airbnb and gave the company an "underweight" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Truist Financial lowered their target price on Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a report on Wednesday, September 3rd. Finally, UBS Group reduced their price target on Airbnb from $156.00 to $148.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $141.81.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

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